Iteris Awarded Federal Highway Administration Contract for Intelligent Transportation Systems Architecture Program
June 19 2018 - 8:30AM
Business Wire
Five-year Agreement with Contract Ceiling of
$19.5 Million Demonstrates Iteris’ Continuous Role as Trusted
Advisor to US Department of Transportation
- New contract leverages Iteris’ ITS
expertise to prepare cities and states for advancements in
connected and autonomous vehicle technology
- Task orders to include
implementation and evolution of ARC-IT framework, as well as
delivery of training programs to public agencies
nationwide
Iteris, Inc. (NASDAQ: ITI), the global leader in applied
informatics for transportation and agriculture, today announced
that it has been awarded an indefinite delivery/indefinite quantity
(IDIQ) contract with a ceiling of $19.5 million from the Federal
Highway Administration (FHWA) to provide continued development,
evolution and deployment support for the intelligent transportation
systems (ITS) reference architecture program.
Under the five-year IDIQ contract, Iteris will support the
evolution of the Architecture Reference for Cooperative and
Intelligent Transportation (ARC-IT) content to reflect changes in
ITS, and connected automated vehicle (CAV) developments. The
program supports statewide and regional ITS planning and deployment
to encourage interoperability and CAV preparedness through
workshops, training and technical assistance.
“The ITS architecture program has been a vital and constantly
evolving reference for ITS, and automated vehicle and connectivity
projects since its release over 20 years ago,” said Ramin Massoumi,
senior vice president and general manager, Transportation Systems
at Iteris. “Iteris is honored to continue providing the expertise
required to support the US Department of Transportation’s efforts
to improve safety and mobility.”
Iteris has led the development and evolution of the U.S. ITS
architecture reference for over two decades, and initiated the
Connected Vehicle Reference Implementation Architecture in 2012.
Combining the two architectures into ARC-IT allows transportation
stakeholders to see the linkages between their ITS and CAV
technologies and facilitates integration and interoperability
discussions as they plan and implement ITS and CAV projects. Iteris
leads an experienced core team of Ice & Associates and
Consystec. Additional team members include Trevilon and Booz Allen
Hamilton.
About Iteris, Inc.
Iteris is the global leader in applied informatics for
transportation and agriculture, turning big data into big
breakthrough solutions. We collect, aggregate and analyze data
on traffic, roads, weather, water, soil and crops to generate
precise informatics that lead to safer transportation and smarter
farming. Municipalities, government agencies, crop science
companies, farmers and agronomists around the world use our
solutions to make roads safer and travel more efficient, as well as
farmlands more sustainable, healthy and productive. Visit
www.iteris.com for more information and join the conversation on
Twitter, LinkedIn and Facebook.
Iteris Forward-Looking Statements
This release may contain forward-looking statements, which speak
only as of the date hereof and are based upon our current
expectations and the information available to us at this time.
Words such as "believes," "anticipates," "expects," "intends,"
"plans," "seeks," "estimates," "may," “should,” "will," "can," and
variations of these words or similar expressions are intended to
identify forward-looking statements. These statements include, but
are not limited to, statements about the total value, success,
impact, and benefits of the awarded contract, and the services
related to ARC-IT, including ITS changes and connected automated
vehicle (CAV) developments. Such statements are not guarantees of
future performance and are subject to certain risks, uncertainties,
and assumptions that are difficult to predict, and actual results
could differ materially and adversely from those expressed in any
forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but
are not limited to, our ability to successfully perform the
services cost effectively; agency funding and budgetary allocations
and constraints; utilization needs of the agency for the services
subject to the contract (e.g., seasonality); impact of adverse
influences and variances of general economic, political,
environmental, and other conditions; performance timing and
cancellation of task orders; and the potential impact of product
and service offerings from competitors. Further information on
Iteris, Inc., including additional risk factors that may affect our
forward-looking statements, is contained in our Annual Report on
Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports
on Form 8-K, and our other SEC filings that are available through
the SEC’s website (www.sec.gov).
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Iteris ContactDavid Sadeghi, (949)
270-9523dsadeghi@iteris.comorInvestor RelationsMKR Group,
Inc.Todd Kehrli, (323) 468-2300iti@mkr-group.com
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